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HUD To Award $2 Million To Develop Affordable Housing and Smaller Communities

The grants given by HUD are meant to develop affordable housing along with retaining the area’s historic character.

February 13, 2024

Washington- The Department of Housing and Urban Development (HUD) announced today that a total of three grantees will receive an award for a combined $2 Million in 2023 Hope VI Main Street Grants. These grants will assist smaller communities to rejuvenate older downtown business districts and develop affordable housing along with retaining the area’s historic character. The announcement was made by HUD’s Deputy Assistant Secretary Marianne Nazzaro in Kansas bringing to light the importance of efforts for small and rural communities and the administration’s commitment to stabilize affordable housing for all Americans.

HUD’s Secretary Marcia L. Fudge said, “HUD understands the importance of preserving the character of our nation’s main streets as we work to increase the supply of affordable housing in small towns and rural communities. Residents living in areas like these deserve to benefit from new investments and improvements.”

The funds given by HUD can be used to build affordable housing or reconfigure commercial space or vacant housing into affordable housing units. The funds will be used to assist local governments that have existing main street area projects. The main street housing units must be affordable to the residents occupying the main street housing project.

The 2023 grant recipients City of Emporia, the City of Caney, and the Municipality of Puerto Rico.

Deputy Assistant Secretary Nazarro said, “We see the potential and beauty in these spaces, and we know that these investments will have a positive impact far beyond the buildings themselves. America is a nation of small towns, and we are proud to support these communities.”

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The content provided in this article draws inspiration and includes quotes from various reputable sources, including news articles, government data, and interviews. Affordable Housing 411 strives to ensure accuracy and credibility, but the information presented may be based on some external sources. We encourage readers to refer to the referenced materials for more in-depth insights and verification.

Department of Housing and Urban Development. “HUD Awards $2 Million to Revitalize Smaller Communities and Develop Affordable Housing”. Department of Housing and Urban Development, February 13, 2024,
HUD Awards $2 Million to Revitalize Smaller Communities and Develop Affordable Housing | HUD.gov / U.S. Department of Housing and Urban Development (HUD)

Last Updated: September 20, 2021